Opportunities for the global automotive fuse market to grow with a CAGR of 7% from 2021 to 2026


   April 28, 2021
According to a new market report published by Lucintel, the future of the global automotive fuse market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive fuse market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow at a CAGR of 7% from 2021to 2026. The major drivers for this market are increasing electrification of vehicles and increasing safety and comfort features.

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In this market, 12 & 24V, 24-48 V, 49-150 V, 151-300 V, and >300V are the major fuse voltage types used to manufacture automotive fuse. On the basis of comprehensive research, Lucintel forecasts that 12 & 24V fuse will remain the largest voltage segment, and it is also expected to witness the highest growth over the forecast period because of ICE vehicles which are equipped with 12 & 24V.

Within the global automotive fuse market, the passenger car segment is expected to witness the highest growth over the forecast period due to higher production of passenger vehicles than commercial vehicles.

APAC is expected to remain the largest market and witness the highest growth over the forecast period due to high population countries in this region, such as China and India, and they have started adopting advanced technology recently.

Emerging trends, which have a direct impact on the dynamics of the industry, include attractive and compact packaging of automotive fuse. Eaton, ON Semiconductor, Littelfuse, Inc., Sensata Technologies, Inc., MERSEN S.A., Pacific Engineering Corporation, SCHURTER Holding AG, OPTIFUSE, AEM Components, Inc. and Fuzetec Technology Co., Ltd. are among the major suppliers of the automotive fuse market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive fuse market by fuse type, voltage, vehicle, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Fuse Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive fuse market by fuse type, voltage, vehicle, and region, as follows:

By Fuse Type [Value ($ Billion) from 2015 to 2026]:



  • Blade


  • Glass Tube


  • Semiconductor


  • Other


By Voltage [Value ($ Billion) from 2015 to 2026]:



  • 12 & 24V


  • 24-48V


  • 49-150V


  • 151-300V


  • >300V


By Vehicle [Value ($ Billion) from 2015 to 2026]:



  • Passenger Cars


  • Light Commercial Vehicles


  • Heavy Commercial Vehicles


By Region [Value ($ Million) from 2015 to 2026]:



  • North America


    • United States


    • Canada


    • Mexico




  • Europe


    • Germany


    • United Kingdom




  • APAC


    • China


    • India


    • Japan




  • ROW


    • Middle East


    • Brazil




 

This 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.


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